HSBC Ejects Carbon Traders From Index

The banking giant HSBC removed two companies involved in carbon trading from its Climate Change Index on Monday because they had lost too much value.

Analysts from HSBC said the cause was mainly that governments had failed to come up with a timetable for a global climate deal at the United Nations summit in Copenhagen in December.

“Carbon trading was the major loser from Copenhagen,” HSBC analysts said in their March 21010 Quarterly Index Review. “Cap and trade needs hard targets and binding rules – and Copenhagen delivered neither,” HSBC said.'

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WWF Hopes to Find $60 Billion Growing on Trees

Tumucumaque in northern Brazil has been designated a 'carbon sink'

If the world’s largest, richest environmental campaigning group, the WWF – formerly the World Wildlife Fund – announced that it was playing a leading role in a scheme to preserve an area of the Amazon rainforest twice the size of Switzerland, many people might applaud, thinking this was just the kind of cause the WWF was set up to promote. Amazonia has long been near the top of the list of the world’s environmental cconcerns, not just because it includes easily the largest and most bio-diverse area of rainforest on the planet, but because its billions of trees contain the world’s largest land-based store of CO2 – so any serious threat to the forest can be portrayed as a major contributor to global warming.

If it then emerged, however, that a hidden agenda of the scheme to preserve this chunk of the forest was to allow the WWF and its partners to share the selling of carbon credits worth $60 billion, to enable firms in the industrial world to carry on emitting CO2 just as before, more than a few eyebrows might be raised. The idea is that credits representing the CO2 locked into this particular area of jungle – so remote that it is not under any threat – should be sold on the international market, allowing thousands of companies in the developed world to buy their way out of having to restrict their carbon emissions. The net effect would simply be to make the WWF and its partners much richer while making no contribution to lowering overall CO2 emissions.'

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Global Warming Update

Private industry and governments around the world have spent trillions of dollars in the name of saving our planet from manmade global warming. Academic institutions, think tanks and schools have altered their curricula and agenda to accommodate what was seen as the global warming "consensus."

Mounting evidence suggests that claims of manmade global warming might turn out to be the greatest hoax in mankind's history. Immune and hostile to the evidence, President Barack Obama's administration and most of the U.S. Congress sides with Climate Czar Carol Browner, who says, "I'm sticking with the 2,500 scientists. These people have been studying this issue for a very long time and agree this problem is real."

The scientists whom Browner references are associated with the U.N.'s Intergovernmental Panel on Climate Change (IPCC). Let's look some of what they told us. The 2007 IPCC report, which won them a Nobel Peace Prize, said that the probability of Himalayan glaciers "disappearing by the year 2035 and perhaps sooner is very high" as a result of manmade global warming. Recently, IPCC was forced to retract their glacier disappearance claim, which was made on the basis of a non-scientific magazine article. When critics initially questioned the prediction, Rajendra Pachauri, IPCC's chairman, dismissed them as "voodoo scientists".'

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Al Gore Is Lying Low -- for Good Reason

Maybe Al Gore's been advised by legal counsel to lie low. He may be the leader of the anthropogenic global warming (AGW) movement, but he's not defending it in public, not even when it's falling apart and his new fortune is based upon it.

Once it becomes clear to everyone that the AGW theory is based on cleverly manipulated data twisted by rigged computer models controlled by several dozen IPCC politicians/scientists, we can expect that investors who lose millions by investing in these companies will eventually haul Mr. Gore and the insider IPCC scientists into court.'

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Banking Rats Desert The Carbon Emission Sinking Ship

Banks and investors are pulling out of the carbon market after the failure to make progress at Copenhagen on reaching new emissions targets after 2012.

Carbon financiers have already begun leaving banks in London because of the lack of activity and the drop-off in investment demand. The Guardian has been told that backers have this month pulled out of a large planned clean-energy project in the developing world because of the expected fall in emissions credits after 2012.

Anthony Hobley, partner and global head of climate change and carbon finance at law firm Norton Rose, said: "People will gradually start to leave carbon desks, we are beginning to see that already. We are seeing a freeze in banks' recruitment plans for the carbon market. It's not clear at what point this will turn into a cull or a rout".'

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CLIMATEGATE - Copenhagen Accord Keeps Big Carbon in Business

Copenhagen was not about global warming but money. The cash that Hillary Clinton so dramatically plonked on the table, rising to $100 billion by 2020, which includes the £1.5 billion offered by Gordon Brown (money which of course he hasn't got) and which like a crazed gambler he last week upped to £6 billion (even more money he hasn't got), was merely a "sweetener" to persuade the developing countries to maintain the money-machine set in motion by Kyoto.

This is the new global industry based on buying and selling the right to emit CO2, estimated soon to be worth trillions of dollars a year, which through schemes such as the UN's Clean Development Mechanism and the EU's Emissions Trading System is making a small minority of people, including Al Gore, extremely rich.'

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The World Bank’s Carbon Trade Fiasco

In the name of environmental protection, the World Bank is brokering carbon emission trading arrangements that destroy indigenous farmlands around the world.

The effort to coordinate global action to reduce greenhouse gas (GHG) emissions began with the Kyoto Protocol, which was adopted in 1997 and now has been ratified by 183 nations…'

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Globalist Carbon Tax Scheme: Redemption for Sale

The carbon trading schemes of the Copenhagen Climate Treaty are analogous to the “indulgences” the Catholic church sold in the Middle Ages.

The global warming/climate change mythology is the greatest hoax the private International Monetary/Banking Cartel has ever tried to pull off: With the passage of the Copenhagen Climate Treaty provisions, world governance and unlimited taxes will fall into the hands of private, monopoly capitalists, while many socialists, communists, and environmentalists ignorantly support this international takeover, falsely thinking that the treaty’s many laws, regulations, and directives are socialistic, and will thus help improve our badly deteriorating environment.'

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U.N. Climate Chief Cashes In On Carbon

A story emerging out of Britain suggests "follow the money" may explain the enthusiasm of the United Nations to pursue caps on carbon emissions, despite doubts surfacing in the scientific community about the validity of the underlying global warming hypothesis.

A Mumbai-based Indian multinational conglomerate with business ties to Rajendra K. Pachauri, the chairman since 2002 of the U.N. Intergovernmental Panel on Climate Change, or IPCC, stands to make several hundred million dollars in European Union carbon credits simply by closing a steel production facility in Britain with the loss of 1,700 jobs.'

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The Carbon Trading Fraud

Click pic to enlarge

Copenhagen's Hidden Agenda: The Multibillion Trade in Carbon Derivatives

As I have previously shown, speculative derivatives (especially credit default swaps) are a primary cause of the economic crisis.

And I have pointed out that (1) the giant banks will make a killing on carbon trading, (2) while the leading scientist crusading against global warming says it won't work, and (3) there is a very high probability of massive fraud and insider trading in the carbon trading markets.

Now, Bloomberg notes that the carbon trading scheme will be centered around derivatives:

The banks are preparing to do with carbon what they’ve done before: design and market derivatives contracts that will help client companies hedge their price risk over the long term. They’re also ready to sell carbon-related financial products to outside investors.

[Blythe] Masters says banks must be allowed to lead the way if a mandatory carbon-trading system is going to help save the planet at the lowest possible cost. And derivatives related to carbon must be part of the mix, she says. Derivatives are securities whose value is derived from the value of an underlying commodity -- in this case, CO2 and other greenhouse gases...

Who is Blythe Masters?

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Copenhagen Summit: Denmark Rushes in Laws to Stop Carbon Trading Scam

Europe's flagship carbon trading scheme suffered a blow today as the Danish government was forced to rush an emergency law through parliament to clamp down on a virulent form of VAT fraud.

On the eve of the Copenhagen climate talks, which will attract world attention to emissions trading schemes, police and tax investigators across Europe are believed to be investigating hundreds of millions of euros worth of fraud involving carbon quotas originating in Denmark.'

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Copenhagen, Carbon and Control

From scrapped cars to bloated NGOs, funded by those who aim to profit from carbon, one need only look to the European Union and the UK to see what’s planned for America. It’s no surprise that the US government, and associated institutions, plan to support “low carbon” strategies for a new world. It takes only a few clicks of the mouse to discover the tentacle-like, death hold the green revolutionaries possess throughout the USA and the world.

A myriad of tentacles have been developed which appear to be innocuous non-profits like Transition US, Post Carbon Institute, Carbon Trust, or the Chicago Climate Exchange. Examples of relevant government entities include the US Bureau of Economic Geology, the United Nations Environment Programme, the Global Environment Facility and the Scientific and Technical Advisory Panel, along with their board members’ dubious affiliations. Let’s not forget the universities who receive research dollars from power hungry, carbon over-lords to develop foundational, and intricately designed systems-modeling data in order to validate the next level of global control, while mystifying most of us with complicated jargon and mathematics.'

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European Climate Exchange Chief Patrick Birley Defends the Carbon Trading System

"Why should it be different as a commodity to the way people trade oil or gas?"

As the man in charge of the world's biggest exchange for companies, banks and hedge funds to trade permits to emit carbon dioxide, Birley is fed up with the environmentalists' charge that dirty capitalists should not profit from the global effort to tackle climate change.

Ahead of the Copenhagen summit next week, campaigners such as Friends of the Earth have argued that the entire system is so flawed it may need to be demolished in favour of a straightforward tax on polluters.'

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Australian Senator Rejects Climate Change

FAMILY First senator Steve Fielding has made up his mind on global warming - there's not enough evidence that it's real.

After talks with the government and top scientists, Senator Fielding, whose vote could be crucial in passing the Federal Government's plan to put a price on carbon emissions, has released a document setting out his position.

"Global temperature isn't rising," it says.

Senator Fielding says he would not risk job losses on "unconvincing green science" to set up a carbon emissions trading scheme

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The Great Carbon Credit Con: Why are we Paying the Third World to Poison its Environment?

In the fields around this giant chemicals factory in Gujarat, the barren soil smells of paint stripper and the water from the well makes you gag. So why has it been given tens of millions of pounds of taxpayer-funded UN ‘green reward points’, which are traded hungrily on the financial markets at huge profit?

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The Green Agenda

We all want to be wise and careful stewards of the beautiful planet we call home. However, certain aspects of the modern green movement that is permeating every segment of our society are not about protecting the environment. You don’t have to dig very deep to discover the true beliefs of the influential leaders who are using genuine concerns about the environment to promote an agenda of fear and control. Please carefully consider the implications of the opinions that they so openly and freely express.

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Obama’s Science Czar Channels H.G. Wells on Climate Change

How often have we seen the picture of Galileo Galilei facing the Office of the Inquisition in 1632? Galileo is held up as a scientific martyr today, because he fiercely defended the Copernican solar system against the Inquisition, which finally ordered him to stop publishing those ideas. Cardinal Bellarmine denounced Copernican theory as “a very dangerous thing, not only by irritating all the philosophers and scholastic theologians, but also by injuring our holy faith and rendering the Holy Scriptures false.”

Today we have a radical role reversal. Climate heretics like Dr. Fred Singer and MIT’s Prof. Richard Lindzen are telling truth to power — and they are bitterly criticized by our science politicians, just as the pope criticized Galileo. Singer and Lindzen are our Galileos, telling a truth that the leftist establishment and its organs of propaganda do not want to hear.

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Obama’s Involvement in Chicago Climate Exchange

Good news to know that the truth will always out--even when you’re Barack Obama.

“Obama Years Ago Helped Fund Carbon Program He Is Now Pushing Through Congress” is a FOXNews story by Ed Barnes.

In short, “While on the board of a Chicago-based charity, Barack Obama helped fund a carbon trading exchange that will likely play a critical role in the cap-and-trade carbon reduction program he is now trying to push through Congress as president.”

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Rothschild Australia and E3 International to Take the Lead in the Global Carbon Trading Market

Rothschild Australia and E3 International are set to become key players in the international carbon credit trading market, an emerging commodity market that analysts estimate could be worth up to US$150 billion by 2012.

In a move that will re-shape the fledgling emissions trading market, Rothschild Australia and E3 International today announced their intention to launch the Carbon Ring Consortium -- an investment vehicle that will provide companies in the Asia Pacific Region with an innovative way of learning about and understanding their risks in the new carbon market.

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Well what did you expect!